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Review: Huobi cryptocurrency exchange – December 2020
Andrew Munro is the cryptocurrency editor at Finder. He was initially writing about insurance, when he accidentally fell in love with digital currency and distributed ledger technology (aka “the blockchain”). Andrew has a Bachelor of Arts from the University of New South Wales, and has written guides about everything from industrial pigments to cosmetic surgery.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
The base crypto to crypto trade fee is 0.2% for all pairs. This can be reduced through high trading volumes.
Trade volume (30 day USDT)
0 to 5 million
5 to 10 million
10 to 15 million
15 to 25 million
25 to 35 million
35 to 70 million
70 to 150 million
150 to 300 million
The rate for fiat to crypto trades depends on whether you are placing an order (maker) or are taking an existing order (taker), and the currencies you are trading.
CNY – BTC/ETH
CNY – USDT/HUSD
CNY – EOS/HT/XRP, LTC
All other trades
Deposit and withdrawal fees
Network fees apply to cryptocurrency deposits and withdrawals, while fiat currency fees will vary depending on the payment method and the currencies.
The withdrawal limits will similarly vary depending on the currency or cryptocurrency being withdrawn, and whether or not you are a verified user.
You can find your limits on the withdraw screen when you are logged in.
How fast will my funds be available?
The number of confirmations required for deposits varies depending on the cryptocurrency. It will typically take a few minutes.
The number of confirmations required for cryptocurrency withdrawals varies, but it will typically take more confirmations than deposits.
Is Huobi Global safe to use?
Regulation. Huobi Global is incorporated in the Seychelles and may not be legal or regulated in your jurisdiction. If you use Huobi, you are responsible for ensuring you are complying with any relevant laws and regulations of your jurisdiction.
Verification process. Huobi does not require verification for all users, but reserves the right to request the information needed to verify any customers in line with its AML/KYC obligations. Verification is required for higher withdrawal limits.
Security features. Huobi has been in operation since 2013 and it says it follows industry best practices such as keeping ~98% of user funds in cold storage at any given time. It claims to have an “investor protection fund” which can be used to reimburse affected users in the event of a hack.
How do I create an account at Huobi?
To create an account at Huobi, go to the website and click “Sign up” at the top right of the screen.
You will be prompted to enter some details.
The next step is to enter your details, including nationality, your choice of password, and either your email address or phone number.
You will receive a message to the specified phone number or email address. Follow the prompts in that message to finish signing up.
Huobi is a global exchange, but does not allow users from the United States and may bar residents of other countries as well.
Yes. You can download the app for iOS or Android.
Verification is not required to sign up on Huobi but is required to access higher withdrawal limits.
You can contact Huobi customer service via the details provided in the Huobi help centre. However, some users report encountering language barriers when contacting Huobi customer service.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
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